Rigetti Computing CEO: We are about 3-4 years away from demonstrating quantum advantage

Quantum Computing Industry Overview - Quantum computing is expected to fundamentally change computing, offering speeds a million or even a billion times faster than conventional computers while consuming less energy [3] - The industry is currently in the R&D stage, focusing on perfecting the technology and is not yet ready to replace conventional computing [4][5] - Quantum advantage, where quantum computers demonstrably outperform classical computers in performance or cost, is estimated to be 3-4 years away [8] Regetti Computing's Strategy and Outlook - Regetti Computing's CEO emphasizes a long-term investment perspective in quantum computing [3][5] - The company is working towards a hybrid computing ecosystem where quantum computers coexist with CPUs and GPUs in data centers [8][10] - Regetti Computing anticipates quantum computers will handle simultaneous computing tasks in data centers, complementing the sequential computing of CPUs and parallel processing of GPUs [11][12] Deals and Commercialization - Regetti Computing is engaging in multi-million dollar deals with government and commercial entities interested in researching quantum computing [13][14] - These deals allow customers to gain hands-on experience with quantum computing algorithm development and fundamental research [14] - While some customers are exploring on-premise quantum computers, no one is yet using them for production workloads [14]